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of <h1>India Raises FDI Cap in Insurance Sector to 49% with Government Approval Required for Investments Over 26.</h1> The Government of India has amended its Foreign Direct Investment (FDI) policy for the insurance sector, increasing the FDI cap from 26% to 49%. This change affects insurance companies, brokers, third-party administrators, surveyors, loss assessors, and other intermediaries. Up to 26% FDI is allowed automatically, while investments between 26% and 49% require government approval. Foreign investment must comply with the Insurance Act, 1938, and companies must obtain necessary licenses from the Insurance Regulatory and Development Authority of India. Ownership and control of Indian insurance companies must remain with resident Indian entities, and foreign portfolio investments are regulated by FEMA and SEBI guidelines.
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